This article tries to answer questions frequently asked to discuss the necessity of reporting and consequences of not reporting cryptocurrency to the IRS.
Cryptocurrency
All about various cryptocurrencies, their technology, token economics and various informational posts
Received Form 1099-K from Coinbase Pro? Here’s how to deal with it.
There is a high chance that you might have received a document called IRS Form 1099-K from Coinbase pro and…
Guide to DeFi and their tax implications
The advent of the blockchain has enabled the creation of many permissionless protocols and systems. A great use case of…
Can IRS access my cryptocurrency transactions?
The IRS crypto guidelines are clear on what cryptocurrencies are. And with how they’re proceeding, there could be more complex…
What to do when a cryptocurrency exchange shuts down?
Today, there are thousands of crypto exchanges. Some have closed because of regulations. Others were hacked. Before we go into…
Why do we need to pay taxes on Bitcoin?
Bitcoin is decentralized, but not anonymous. For it to be legalized as a monetary product, it has to be regulated.…
How to activate your BearTax account
To help you be secure and have a legit usage of your email, we have an extra step of validation…
How to connect your Bittrex account to BearTax for calculating taxes?
Bittrex has been one of the earliest widely-used exchanges in the cryptocurrency space. Here we discuss how you can connect…
IRS guidance on cryptocurrency [Updated 2020]
IRS has provided updated guidance. Here is our comprehensive analysis of the guidance, steps by the IRS in educating users…
How do I import Ethereum transactions to BearTax?
We’ll go through the instructions on how we can import transactions on Ethereum blockchain to BearTax and calculate your gain/loss…